Financial Services Committee Advances 16 Bills, Reauthorizes Monetary Policy Task Force
Washington,
July 24, 2025
The House Committee on Financial Services, led by Chairman French Hill (AR-02), held a two-day full committee markup. The Committee successfully reported 16 bills to expand access to capital for small businesses, hold financial regulators accountable, tailor supervision for well-managed banks, modernize venture capital investment regulations, and more, to the full U.S. House of Representatives for consideration. The Committee also reauthorized the Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity, Chaired by Rep. Frank Lucas (OK-03), until January 22, 2026. "We marked up a broad range of bipartisan priorities that reflect our shared commitment to strengthening the American economy and empowering hardworking families. Looking ahead to the next 16 months of this Congress, we have a tremendous opportunity to advance smart, targeted policy changes that can help put the American dream back within reach for millions of Americans,” said Chairman Hill. Legislation considered during the markup: H.R. 4437, the Supervisory Modifications for Appropriate Risk-based Testing Act of 2025 (SMART Act of 2025), sponsored by Rep. William Timmons (SC-04) passed 53-1.
H.R. 4429, the Developing and Empowering our Aspiring Leaders (DEAL) Act, sponsored by Rep. Ann Wagner (MO-02), passed 50-2.
H.R. 4431, the Improving Capital Allocation for Newcomers (ICAN) Act, sponsored by Rep. William Timmons, passed 50-2.
H.R. 3673, the Small Business Investor Capital Access Act, sponsored by Rep. Andy Barr (KY-06), passed 51-2.
H.R. 4430, the Expanding WKSI Eligibility Act, sponsored by Rep. Bryan Steil (WI-01), passed 51-2.
H.R. 4427, Syria Sanctions Accountability Act, sponsored by Rep. Mike Lawler (NY-17), passed 31-23.
H.R. 3190, the BRAVE Burma Act, sponsored by Rep. Bill Huizenga (MI-04), passed 54-0.
H.R. 4346, the Preventing the Escalation of Armed Conflict in Europe Act of 2025, or PEACE Act of 2025, sponsored by Rep. Zach Nunn (IA-03), passed 53-1.
H.R. 3074, the Common Cents Act, sponsored by Rep. Lisa McClain (MI-09), passed 35-13.
H.R. 4478, the Tailored Regulatory Updates for Supervisory Testing Act of 2025 (TRUST Act of 2025), sponsored by Rep. Tim Moore (NC-14), passed 49-0.
H.R. 3446, the FDIC Board Accountability Act, sponsored by Rep. Bill Huizenga, passed 26-23.
H.R. 3390, the Bringing the Discount Window into the 21st Century Act, sponsored by Rep. Monica De La Cruz (TX-15), passed 48-1.
H.R. 4460, the Stop Agency Fiat Enforcement of Guidance Act, sponsored by Rep. Dan Meuser (PA-09), passed 26-23.
Resolution Reestablishing the Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity of the Committee on Financial Services, sponsored by Chairman French Hill, was agreed to by voice vote.
H.R. 4449, the Advocating for Small Business Act, sponsored by Rep. Vicente Gonzalez (TX-34), passed 50-4.
H.R. 4544, the American Access to Banking Act, sponsored by Ranking Member Maxine Waters (CA-43), passed 49-0.
H.R. 4423, the No New Burma Funds Act, sponsored by Rep. Nikema Williams (GA-05), passed 49-0.
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